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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from (used for) operating activities:      
Net income (loss) $ 18,963 [1] $ (1,078) $ (26,777)
Adjustments to reconcile net income (loss) to net cash from operating activities -      
Depreciation and amortization 18,587 19,402 19,873
Goodwill and intangible asset impairment [2] 24,951
(Gain) loss on disposition of property and equipment (52) (376) 15
Stock-based compensation 1,096 534 1,759
Other long-term assets (2,874) (638) 44
Deferred income taxes and other long-term liabilities (8,988) (1,074) (7,500)
26,732 16,770 12,365
Changes in working capital:      
Accounts receivable (30,835) (9,025) 30,927
Inventories (20,781) (47,881) 104,463
Prepaid expenses and other (1,303) 1,620 13,808
Accounts payable 3,918 28,619 (21,923)
Change in outstanding checks 658 (4,846) (13,644)
Accrued payroll and other accrued liabilities 2,570 4,930 (18,511)
(45,773) (26,583) 95,120
Net cash from (used for) operating activities (19,041) (9,813) 107,485
Cash flows from (used for) investing activities:      
Capital expenditures (10,160) (6,824) (7,317)
Proceeds from disposition of property and equipment 991 376 3
Net cash used for investing activities (9,169) (6,448) (7,314)
Cash flows from (used for) financing activities:      
Credit facility revolver borrowings 387,220 307,298 311,372
Credit facility revolver repayments (355,584) (288,499) (409,662)
Industrial revenue bond repayments (895) (865) (840)
Credit facility fees and expenses (969) (131) (127)
Proceeds from employee stock purchases 10 46 30
Repurchase of common stock (699)
Dividends paid (878) (877) (879)
Net cash from (used for) financing activities 28,904 16,972 (100,805)
Net change 694 711 (634)
Beginning balance 2,315 1,604 2,238
Ending balance 3,009 2,315 1,604
Interest paid 6,433 4,300 5,083
Income taxes paid $ 9,357 $ 982 $ 565
[1] Includes a $6.2 million tax benefit related to the U.S. Tax Cuts and Jobs Act.
[2] $24,451 of the goodwill and intangible asset impairment in 2015 related to the tubular and pipe products segment, $500 related to the specialty metals flat products segment.